If you can’t do a 1031 to a non-income tax state, figure out a year when you will have lower income and tax rates ar as low as possible.

your w2 income tax burden will NOW be lowered. 

Research the sponsor's track record, past performance, and the market they’re investing in.Understand UBIT/UDFI – If the syndication uses leverage, your SDIRA might be subject to Unrelated Business Income Tax (UBIT) on the leveraged portion of the income.

There is not a taxable event to you on the sale.

@Nate WilliamsWith one income, two kids, and limited cash flow, minimizing risk is key.

Income tax and local taxes.

Do it yourself with TurboTax (or similar software)If your rental is pretty simple (one property, basic income & expenses), you can learn the basics and still save money.

You Might Not Live for FreeMany first-time house hackers expect that their rental income will fully cover their mortgage, but that’s not always the case.

For example, we do background checks but no proof of income/employment check.

I probably have about $100,000 of my own funds to put up, (will need $500k Minimum) but don’t have the credit or the income at this current time (Just gut renovated my main residence).